Shares of MasterCraft Boat Holdings Inc. took a 15.7% dive toward a 10-month low in premarket trading Wednesday, after the powerboat maker provided a fiscal...
Shares of MasterCraft Boat Holdings Inc.
took a 15.7% dive toward a 10-month low in premarket trading Wednesday, after the powerboat maker provided a fiscal 2024 outlook that was well below forecasts, citing “significant uncertainty” regarding retail demand given expectations of a economic downturn. The company said it expects adjusted earnings per share, for the fiscal year that ends in June 2024, of between $1.46 and $1.88, below the FactSet consensus of $4.00.
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